USD/JPY: price reached 21 Moving Average

USD/JPY: price reached 21 Moving Average

2002usdjpyH4 (1).png

There's a bullish "Harami", which has been confirmed, so the price reached the 21 Moving Average. However, there's no any bearish pattern, so the pair is likely going to test the 89 MA.

2002usdjpyH1 (1).png

The price has been rising since a "Harami" formed at the last local low. If the 55 Moving Average acts as support, there'll be an opportunity to have another bullish price movement.

jpy

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